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Michael Foley named President-Elect of North Star Medical Division

MINNEAPOLIS — March 8, 2021 — Michael Foley, Comprehensive Financial Advisor at North Star Resource Group, has been named president-elect of North Star’s Medical Division.

As president-elect, Foley will work alongside President Zach MacDougall, who will remain president through the 2023 year.

“It is quite unique to have such a large group of highly talented financial professionals collaborating together with the same mindset,” stated Foley. “The respect and appreciation we share for the work that our clients do drives us to share best practices to make personalized and most up-to-date recommendations.”

Formed in 2001, North Star’s Medical Division works with dozens of residency programs and hospitals, providing services for thousands of physicians and dentists at every stage of their careers. Financial professionals in the division work with medical professionals as they move from residency and fellowship into practice. Members have expertise in medical practice benchmarking and exit strategies and remain up to date on unique asset protection needs for physicians.

On a day-to-day basis, members of North Star’s Medical Division leverage the network for questions and additional perspectives when making client recommendations. The division also meets on a quarterly basis to review case studies and remain informed on the financial industry with guest speakers.

With more than five years as a member of North Star’s medical division, Foley stated, “I am most excited about finding ways to further organize our collaboration efforts in ways that can help both our clients and our firm.”

About North Star Resource Group

North Star Resource Group is a Minneapolis-based financial services firm that provides individuals, families and businesses with the resources needed to create, preserve and protect their wealth. With a network of 170 financial professionals in 20+ states, North Star has contributed to the financial security and well-being of over 140,000 individuals.  Additionally, North Star contributes 10 percent of profits each year to worthy nonprofits through the Scott Richards North Star Foundation, totaling $6.3 million donated since 2004*.

**Data as of December 2021


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Michael Foley and Zach MacDougall are investment advisor representatives of Cetera Advisor Networks, LLC. Securities offered through Cetera Advisor Networks LLC, member FINRA/SIPC. Advisory Services offered through Cetera Investment Advisers LLC, a registered investment adviser. Cetera is under separate ownership from any other named entity.